Reaching Out MBA, INC. Focuses on educating, inspiring, and connecting the student and alumni lgbtq MBA and graduate communities in an ongoing effort to create the next generation of Out business leaders.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$365K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $280K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$365K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $2.3M in investments, Pt X · Ln 11–13
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $30K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$69K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-0.7% vs prior year
Spent
$2.1M
To programs
71%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$2.2M
FY2025▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$1.8M
FY2023$2.4M
FY2023$1.4M
FY2024$2.2M
FY2025$2.2M
Expenses
$2.1M
FY2025▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$852K
FY2022$1.3M
FY2023$2.1M
FY2023$1.8M
FY2024$2.7M
FY2025$2.1M
Net assets
$3.0M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.9M
FY2022$3.1M
FY2023$3.5M
FY2023$3.2M
FY2024$2.9M
FY2025$3.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.5M Management & general 16% · $335K Fundraising 13% · $266K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $365K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$237,130Pt VII · Sec A
Director of Development
$128,327Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Former President/Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Karyn M Skultety’s $237K as Executive Director is at the 87th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2023FY2022FY2021
Karyn M Skultety$237,130—————
Michael a Currie—$223,039$172,760$197,950$176,418—
Aidan Currie—————$168,480
Demetri Alexander Moshoyannis$128,327$142,464————
Paul Thaler—————$119,113
Karyn Skultety—$71,876————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering LGBTQ MBA and graduate students and alumni to become future business leaders.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2025
01

Reaching out started in 1999 as a student-run conference for LGBTQ+ mbas. The organization was originally launched as a conference to provide LGBTQ+ business school students with a resource to make connections with other LGBTQ+ students and business professionals. The first conference brought together about 100 students.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 2 grants · $37K · 2024–2025
Unitemized GrantFY2025$18,750
Unitemized GrantFY2024$18,250

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$958K
Gifts and grantsLn 1h$842K
Investment incomeLn 3$383K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.5M
Managementcol C$335K
Fundraisingcol D$266K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$647K
Total assetsLn 16$3.1M
LiabilitiesLn 26$69K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$842K
Noncash giftsLn 1g$20K
Fees for servicesLn 2g$958K
Investment incomeLn 3$383K
Other incomeLn 4–11$3K
Gains on assetsLn 7$322K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$367K
SavingsLn 2$280K
Cash and savings togetherLn 1–2$647K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$283
Total assetsLn 16$3.1M
LiabilitiesLn 26$69K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$506K$647K
InvestmentsLn 11–13$2.4M$2.3M
Land, buildings, equipmentLn 10c$989$283
Total assetsLn 16$3.0M$3.1M
LiabilitiesLn 26$111K$69K
Net assetsLn 32$2.9M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$270K$135K$81K$54K
Other salaries and wagesLn 7$495K$219K$110K$166K
Pension plan contributionsLn 8$16K$7K$4K$5K
Other employee benefitsLn 9$19K$9K$5K$6K
Payroll taxesLn 10$60K$28K$15K$17K
Legal feesLn 11b$576$576
Accounting feesLn 11c$38K$38K
Investment management feesLn 11f$175$175
Other fees for servicesLn 11g$93K$93K
Advertising and promotionLn 12$30K$11K$19K
Office expensesLn 13$68K$11K$50K$7K
TravelLn 17$34K$14K$12K$9K
Conferences, conventions and meetingsLn 19$952K$952K
Depreciation, depletion and amortizationLn 22$706$326$176$204
InsuranceLn 23$6K$3K$2K$2K
Total functional expensesLn 25$2.1M$1.5M$335K$266K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.2M$2.1M$84K$3.0M 990 PDF
FY2024 $2.2M$2.7M−$511K$2.9M 990 PDF
FY2023 $2.4M$2.1M$283K$3.5M 990 PDF
FY2022 $1.8M$1.3M$462K$3.1M 990 PDF
FY2021 $1.8M$852K$951K$2.9M 990 PDF
FY2020 $1.8M$1.4M$411K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,185,368 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,073,157$842,302
I-9 Program service revenuePrior year $1,035,046$957,718
I-10 Investment incomePrior year $84,611$382,831
I-11 Other revenuePrior year $8,560$2,517
I-12 Total revenuePrior year $2,201,374$2,185,368
I-13 Grants and similar amounts paidPrior year $18,250$18,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $725,861$860,141
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,967,931$1,222,227
I-18 Total expensesPrior year $2,712,042$2,101,118
I-19 Revenue less expensesPrior year −$510,668$84,250
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,185,368 across 8 lines filed
VIII-1f All other contributions, gifts and grants$842,302
VIII-1g Noncash contributions (included above)$20,120
VIII-1h Total contributions, gifts and grants$842,302
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $957,718$957,718
VIII-3 Investment incomeExcluded from tax $60,877$60,877
VIII-7 Net gain or loss on sales of assetsExcluded from tax $321,954$321,954
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,517$2,517
VIII-12 Total revenueRelated to mission $960,235 · Unrelated business $0 · Excluded from tax $382,831$2,185,368
Part IX · Statement of functional expenses $2,101,118 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $18,750$18,750
IX-5 Pay of current officers, directors and key staffPrograms $134,918 · Management $80,951 · Fundraising $53,967$269,836
IX-7 Other salaries and wagesPrograms $218,638 · Management $110,048 · Fundraising $165,949$494,635
IX-8 Pension plan contributionsPrograms $7,302 · Management $3,730 · Fundraising $5,341$16,373
IX-9 Other employee benefitsPrograms $8,880 · Management $4,704 · Fundraising $5,867$19,451
IX-10 Payroll taxesPrograms $27,649 · Management $14,914 · Fundraising $17,283$59,846
IX-11b Legal feesManagement $576$576
IX-11c Accounting feesManagement $37,536$37,536
IX-11f Investment management feesManagement $175$175
IX-11g Other fees for servicesPrograms $92,748$92,748
IX-12 Advertising and promotionPrograms $11,076 · Management $19,400$30,476
IX-13 Office expensesPrograms $11,229 · Management $49,614 · Fundraising $7,019$67,862
IX-17 TravelPrograms $13,701 · Management $11,633 · Fundraising $8,565$33,899
IX-19 Conferences, conventions and meetingsPrograms $951,880$951,880
IX-22 Depreciation, depletion and amortizationPrograms $326 · Management $176 · Fundraising $204$706
IX-23 InsurancePrograms $2,943 · Management $1,587 · Fundraising $1,839$6,369
IX-25 Total functional expensesPrograms $1,500,040 · Management $335,044 · Fundraising $266,034$2,101,118
Part X · Balance sheet $3,083,535 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $237,712$367,075
X-2 Savings and temporary cash investmentsStart of year $268,660$279,718
X-3 Pledges and grants receivableStart of year $144,380$146,585
X-10c Land, buildings and equipment, netStart of year $989$283
X-11 Publicly traded securitiesStart of year $2,353,680$2,289,874
X-16 Total assetsStart of year $3,010,421$3,083,535
X-17 Accounts payable and accrued expensesStart of year $37,203$23,591
X-19 Deferred revenueStart of year $74,006$45,319
X-26 Total liabilitiesStart of year $111,209$68,910
X-27 Net assets without donor restrictionsStart of year $2,765,218$2,919,212
X-28 Net assets with donor restrictionsStart of year $133,994$95,413
X-32 Total net assets or fund balancesStart of year $2,899,212$3,014,625
X-33 Total liabilities and net assetsStart of year $3,010,421$3,083,535
Part XI · Reconciliation of net assets $3,014,625 net assets at year end
XI-1 Total revenue$2,185,368
XI-2 Total expenses$2,101,118
XI-3 Revenue less expenses$84,250
XI-4 Net assets at start of year$2,899,212
XI-5 Net unrealized gains (losses) on investments$31,163
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,014,625

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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